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GMCR (MM)

91.67
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
(MM) NASDAQ:GMCR NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 91.67 0 01:00:00

The Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Keurig Green Mountain, Inc....

21/07/2015 4:47pm

Business Wire


Keurig Green Mountain, Inc. (NASDAQ:GMCR)
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From May 2019 to May 2024

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Law Offices of Howard G. Smith announces that a class action lawsuit has been filed against Keurig Green Mountain, Inc. (“Keurig” or the “Company”) (NASDAQ:GMCR) on behalf of investors who purchased Keurig shares between February 4, 2015 and May 14, 2015, inclusive (the “Class Period”). This class action seeks to recover damages against defendants for alleged violations of the federal securities laws. Keurig investors have until August 18, 2015 to file a motion for appointment as a lead plaintiff.

Keurig, through its subsidiaries, manufactures and distributes beverage systems. The Company has recently announced a new system, the Keurig 2.0, that purportedly allows users to brew cold beverages, including sodas, at home. The complaint, filed against the Company and its executives, alleges that defendants made false and/or misleading statements and/or allegedly failed to disclose that: (1) defendants’ projections for sales were unrealistic and unattainable given the continuing consumer confusion and loss of customer goodwill over Keurig Green Mountain’s Keurig 2.0 brewing system; (2) the retail distribution of Keurig Green Mountain’s new cold brewing system, Keurig Kold, would be delayed; and (3) as a result, Defendants’ statements about Keurig Green Mountain’s business, operations, and prospects were false and misleading and/or lacked a reasonable basis. Upon disclosure of the Company’s fraudulent behavior, shares of Keurig declined in value, thereby damaging investors.

If you purchased Keurig shares, if you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Law Offices of Howard G. SmithHoward G. Smith, Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com

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